AI Summary
Lovable, a Swedish coding startup, has successfully raised $400 million in a Series C funding round, achieving a valuation of $13.3 billion. This funding will help the company compete against larger players in the AI coding sector.
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- Lovable is a Stockholm-based AI coding startup.
- The company raised $400 million in a Series C funding round.
- The funding round was led by Menlo Ventures and the Scaleup Europe Fund, managed by EQT AB.
- Additional participation came from various venture capital firms and new investors from Latin America and Asia, including Tencent Holdings Ltd.
- The new capital will be used to enhance Lovable's competitive position against larger rivals such as Anthropic and SpaceX.
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